Wells Fargo Capital Finance served as sole lender and administrative agent for an $80 million revolving credit facility and administrative agent on a $105 million term loan for APPVION, a producer of thermal and carbonless papers.
The credit facilities will support APPVION’s current and future growth opportunities.
“It was important to secure financing that provides flexibility to support our strategic initiatives,” said Luke Kelly, vice president and CFO of APPVION Operations. “The Wells Fargo team quickly earned our trust by listening to us and understanding our unique circumstances and requirements.”
“As an industry leader, APPVION is an innovative business with an impressive management team, which makes them an ideal fit for our flexible financing solutions,” said Joe Wells, Wells Fargo Capital Finance.